diff --git a/client/ayon_core/pipeline/context_tools.py b/client/ayon_core/pipeline/context_tools.py
index c32d04c44c..8b72405048 100644
--- a/client/ayon_core/pipeline/context_tools.py
+++ b/client/ayon_core/pipeline/context_tools.py
@@ -11,7 +11,12 @@ from pyblish.lib import MessageHandler
 
 from ayon_core import AYON_CORE_ROOT
 from ayon_core.host import HostBase
-from ayon_core.lib import is_in_tests, initialize_ayon_connection, emit_event
+from ayon_core.lib import (
+    is_in_tests,
+    initialize_ayon_connection,
+    emit_event,
+    version_up
+)
 from ayon_core.addon import load_addons, AddonsManager
 from ayon_core.settings import get_project_settings
 
@@ -21,6 +26,8 @@ from .template_data import get_template_data_with_names
 from .workfile import (
     get_workdir,
     get_custom_workfile_template_by_string_context,
+    get_workfile_template_key_from_context,
+    get_last_workfile
 )
 from . import (
     register_loader_plugin_path,
@@ -579,3 +586,48 @@ def get_process_id():
     if _process_id is None:
         _process_id = str(uuid.uuid4())
     return _process_id
+
+
+def version_up_current_workfile():
+    """Function to increment and save workfile
+    """
+    host = registered_host()
+    if not host.has_unsaved_changes():
+        print("No unsaved changes, skipping file save..")
+        return
+
+    project_name = get_current_project_name()
+    folder_path = get_current_folder_path()
+    task_name = get_current_task_name()
+    host_name = get_current_host_name()
+
+    template_key = get_workfile_template_key_from_context(
+        project_name,
+        folder_path,
+        task_name,
+        host_name,
+    )
+    anatomy = Anatomy(project_name)
+
+    data = get_template_data_with_names(
+        project_name, folder_path, task_name, host_name
+    )
+    data["root"] = anatomy.roots
+
+    work_template = anatomy.get_template_item("work", template_key)
+
+    # Define saving file extension
+    extensions = host.get_workfile_extensions()
+    current_file = host.get_current_workfile()
+    if current_file:
+        extensions = [os.path.splitext(current_file)[-1]]
+
+    work_root = work_template["directory"].format_strict(data)
+    file_template = work_template["file"].template
+    last_workfile_path = get_last_workfile(
+        work_root, file_template, data, extensions, True
+    )
+    new_workfile_path = version_up(last_workfile_path)
+    if os.path.exists(new_workfile_path):
+        new_workfile_path = version_up(new_workfile_path)
+    host.save_workfile(new_workfile_path)
diff --git a/server/settings/tools.py b/server/settings/tools.py
index fb8430a71c..1d32169954 100644
--- a/server/settings/tools.py
+++ b/server/settings/tools.py
@@ -118,6 +118,15 @@ class WorkfilesLockProfile(BaseSettingsModel):
     enabled: bool = SettingsField(True, title="Enabled")
 
 
+class AYONMenuModel(BaseSettingsModel):
+    _layout = "expanded"
+    version_up_current_workfile: bool = SettingsField(
+        False,
+        title="Version Up Workfile",
+        description="Add 'Version Up Workfile' to AYON menu"
+    )
+
+
 class WorkfilesToolModel(BaseSettingsModel):
     workfile_template_profiles: list[WorkfileTemplateProfile] = SettingsField(
         default_factory=list,
@@ -268,6 +277,10 @@ class PublishToolModel(BaseSettingsModel):
 
 
 class GlobalToolsModel(BaseSettingsModel):
+    ayon_menu: AYONMenuModel = SettingsField(
+        default_factory=AYONMenuModel,
+        title="AYON Menu"
+    )
     creator: CreatorToolModel = SettingsField(
         default_factory=CreatorToolModel,
         title="Creator"
@@ -287,6 +300,9 @@ class GlobalToolsModel(BaseSettingsModel):
 
 
 DEFAULT_TOOLS_VALUES = {
+    "ayon_menu": {
+        "version_up_current_workfile": False
+    },
     "creator": {
         "product_types_smart_select": [
             {
diff --git a/server_addon/maya/client/ayon_maya/api/menu.py b/server_addon/maya/client/ayon_maya/api/menu.py
index 153aff07c3..a6f8ae2db0 100644
--- a/server_addon/maya/client/ayon_maya/api/menu.py
+++ b/server_addon/maya/client/ayon_maya/api/menu.py
@@ -25,6 +25,7 @@ from .workfile_template_builder import (
     build_workfile_template,
     update_workfile_template
 )
+from ayon_core.pipeline.context_tools import version_up_current_workfile
 from ayon_core.tools.workfile_template_build import open_template_ui
 from .workfile_template_builder import MayaTemplateBuilder
 
@@ -74,6 +75,14 @@ def install(project_settings):
 
         cmds.setParent("..", menu=True)
 
+        if project_settings["core"]["tools"]["ayon_menu"].get(
+            "version_up_current_workfile"):
+                cmds.menuItem(divider=True)
+                cmds.menuItem(
+                    "Version Up Workfile",
+                    command=lambda *args: version_up_current_workfile()
+                )
+
         cmds.menuItem(divider=True)
 
         cmds.menuItem(