diff --git a/example.env b/example.env
index 10d99a93..cd9ba014 100644
--- a/example.env
+++ b/example.env
@@ -3,7 +3,7 @@
 FRAPPE_VERSION=v14.22.0
 
 # Only with ERPNext override
-ERPNEXT_VERSION=v14.12.0
+ERPNEXT_VERSION=v14.12.1
 
 DB_PASSWORD=123
 
diff --git a/pwd.yml b/pwd.yml
index 219a4d33..362d3dcf 100644
--- a/pwd.yml
+++ b/pwd.yml
@@ -2,7 +2,7 @@ version: "3"
 
 services:
   backend:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -11,7 +11,7 @@ services:
       - assets:/home/frappe/frappe-bench/sites/assets
 
   configurator:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     command:
       - configure.py
     environment:
@@ -25,7 +25,7 @@ services:
       - sites:/home/frappe/frappe-bench/sites
 
   create-site:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -76,7 +76,7 @@ services:
       - db-data:/var/lib/mysql
 
   frontend:
-    image: frappe/erpnext-nginx:v14.12.0
+    image: frappe/erpnext-nginx:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -96,7 +96,7 @@ services:
       - "8080:8080"
 
   queue-default:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -110,7 +110,7 @@ services:
       - assets:/home/frappe/frappe-bench/sites/assets
 
   queue-long:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -124,7 +124,7 @@ services:
       - assets:/home/frappe/frappe-bench/sites/assets
 
   queue-short:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -162,7 +162,7 @@ services:
       - redis-socketio-data:/data
 
   scheduler:
-    image: frappe/erpnext-worker:v14.12.0
+    image: frappe/erpnext-worker:v14.12.1
     deploy:
       restart_policy:
         condition: on-failure