diff --git a/CHANGELOG.md b/CHANGELOG.md
index f971324e..8822f7f7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+### [0.123.1](https://github.com/googleapis/java-errorreporting/compare/v0.123.0...v0.123.1) (2022-05-19)
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.12.0 ([#869](https://github.com/googleapis/java-errorreporting/issues/869)) ([d2282f9](https://github.com/googleapis/java-errorreporting/commit/d2282f98a9491e3e3731d0a9acd49cebfcc5fad3))
+
 ## [0.123.0](https://github.com/googleapis/java-errorreporting/compare/v0.122.23...v0.123.0) (2022-05-19)
 
 
diff --git a/README.md b/README.md
index c88e2e44..cc2befa7 100644
--- a/README.md
+++ b/README.md
@@ -63,7 +63,7 @@ If you are using Maven without BOM, add this to your dependencies:
 <dependency>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-errorreporting</artifactId>
-  <version>0.122.23-beta</version>
+  <version>0.123.0-beta</version>
 </dependency>
 
 ```
@@ -78,13 +78,13 @@ implementation 'com.google.cloud:google-cloud-errorreporting'
 If you are using Gradle without BOM, add this to your dependencies
 
 ```Groovy
-implementation 'com.google.cloud:google-cloud-errorreporting:0.122.23-beta'
+implementation 'com.google.cloud:google-cloud-errorreporting:0.123.0-beta'
 ```
 
 If you are using SBT, add this to your dependencies
 
 ```Scala
-libraryDependencies += "com.google.cloud" % "google-cloud-errorreporting" % "0.122.23-beta"
+libraryDependencies += "com.google.cloud" % "google-cloud-errorreporting" % "0.123.0-beta"
 ```
 
 ## Authentication
diff --git a/google-cloud-errorreporting-bom/pom.xml b/google-cloud-errorreporting-bom/pom.xml
index dc8bee1a..8ec73885 100644
--- a/google-cloud-errorreporting-bom/pom.xml
+++ b/google-cloud-errorreporting-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-errorreporting-bom</artifactId>
-  <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+  <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -52,17 +52,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-errorreporting</artifactId>
-        <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+        <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-error-reporting-v1beta1</artifactId>
-        <version>0.89.0</version><!-- {x-version-update:grpc-google-cloud-error-reporting-v1beta1:current} -->
+        <version>0.89.1</version><!-- {x-version-update:grpc-google-cloud-error-reporting-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-error-reporting-v1beta1</artifactId>
-        <version>0.89.0</version><!-- {x-version-update:proto-google-cloud-error-reporting-v1beta1:current} -->
+        <version>0.89.1</version><!-- {x-version-update:proto-google-cloud-error-reporting-v1beta1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-errorreporting/pom.xml b/google-cloud-errorreporting/pom.xml
index 022f9404..7ecdf2ff 100644
--- a/google-cloud-errorreporting/pom.xml
+++ b/google-cloud-errorreporting/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-errorreporting</artifactId>
-  <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+  <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Error Reporting</name>
   <url>https://github.com/googleapis/java-errorreporting</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-errorreporting-parent</artifactId>
-    <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+    <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-errorreporting</site.installationModule>
diff --git a/grpc-google-cloud-error-reporting-v1beta1/pom.xml b/grpc-google-cloud-error-reporting-v1beta1/pom.xml
index 535e9123..fa153164 100644
--- a/grpc-google-cloud-error-reporting-v1beta1/pom.xml
+++ b/grpc-google-cloud-error-reporting-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-error-reporting-v1beta1</artifactId>
-  <version>0.89.0</version><!-- {x-version-update:grpc-google-cloud-error-reporting-v1beta1:current} -->
+  <version>0.89.1</version><!-- {x-version-update:grpc-google-cloud-error-reporting-v1beta1:current} -->
   <name>grpc-google-cloud-error-reporting-v1beta1</name>
   <description>GRPC library for grpc-google-cloud-error-reporting-v1beta1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-errorreporting-parent</artifactId>
-    <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+    <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index f24a48ea..302ec935 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-errorreporting-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+  <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
   <name>Google Cloud Error Reporting Parent</name>
   <url>https://github.com/googleapis/java-errorreporting</url>
   <description>
@@ -61,24 +61,24 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-errorreporting</artifactId>
-        <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+        <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
       </dependency>
 
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-error-reporting-v1beta1</artifactId>
-        <version>0.89.0</version><!-- {x-version-update:proto-google-cloud-error-reporting-v1beta1:current} -->
+        <version>0.89.1</version><!-- {x-version-update:proto-google-cloud-error-reporting-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-error-reporting-v1beta1</artifactId>
-        <version>0.89.0</version><!-- {x-version-update:grpc-google-cloud-error-reporting-v1beta1:current} -->
+        <version>0.89.1</version><!-- {x-version-update:grpc-google-cloud-error-reporting-v1beta1:current} -->
       </dependency>
 
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-shared-dependencies</artifactId>
-        <version>2.11.0</version>
+        <version>2.12.0</version>
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/proto-google-cloud-error-reporting-v1beta1/pom.xml b/proto-google-cloud-error-reporting-v1beta1/pom.xml
index 259a925e..8e4c965a 100644
--- a/proto-google-cloud-error-reporting-v1beta1/pom.xml
+++ b/proto-google-cloud-error-reporting-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-error-reporting-v1beta1</artifactId>
-  <version>0.89.0</version><!-- {x-version-update:proto-google-cloud-error-reporting-v1beta1:current} -->
+  <version>0.89.1</version><!-- {x-version-update:proto-google-cloud-error-reporting-v1beta1:current} -->
   <name>proto-google-cloud-error-reporting-v1beta1</name>
   <description>PROTO library for proto-google-cloud-error-reporting-v1beta1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-errorreporting-parent</artifactId>
-    <version>0.123.0-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
+    <version>0.123.1-beta</version><!-- {x-version-update:google-cloud-errorreporting:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/install-without-bom/pom.xml b/samples/install-without-bom/pom.xml
index e472b9d2..a8ff186a 100644
--- a/samples/install-without-bom/pom.xml
+++ b/samples/install-without-bom/pom.xml
@@ -29,7 +29,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-errorreporting</artifactId>
-      <version>0.122.23-beta</version>
+      <version>0.123.0-beta</version>
     </dependency>
     <!-- [END clouderrorreporting_install_without_bom] -->
 
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index cff39487..b8f74606 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-errorreporting</artifactId>
-      <version>0.123.0-beta</version>
+      <version>0.123.1-beta</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index fb1767e6..10355db6 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-errorreporting:0.123.0-beta:0.123.0-beta
-grpc-google-cloud-error-reporting-v1beta1:0.89.0:0.89.0
-proto-google-cloud-error-reporting-v1beta1:0.89.0:0.89.0
+google-cloud-errorreporting:0.123.1-beta:0.123.1-beta
+grpc-google-cloud-error-reporting-v1beta1:0.89.1:0.89.1
+proto-google-cloud-error-reporting-v1beta1:0.89.1:0.89.1