diff --git a/setup.py b/setup.py
index c28380ac0e97..565375ead548 100644
--- a/setup.py
+++ b/setup.py
@@ -406,9 +406,14 @@ def run(self):
     deps["tqdm"],  # progress bars in model download and training scripts
 ]
 
+# default variable to be overwritten by the version.py file
+version = "unknown"
+# load and overwrite version and release info from version.py
+exec(open(os.path.join("src", "transformers", "version.py")).read())
+
 setup(
-    name="transformers",
-    version="4.23.1",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
+    name="nm-transformers",
+    version=version,  # major.minor.patch to match NM repos, fourth entry is either transformers base version or nightly date
     author="The Hugging Face team (past and future) with the help of all our contributors (https://github.com/huggingface/transformers/graphs/contributors)",
     author_email="transformers@huggingface.co",
     description="State-of-the-art Machine Learning for JAX, PyTorch and TensorFlow",
@@ -416,7 +421,7 @@ def run(self):
     long_description_content_type="text/markdown",
     keywords="NLP vision speech deep learning transformer pytorch tensorflow BERT GPT-2 Wav2Vec2 ViT",
     license="Apache",
-    url="https://github.com/huggingface/transformers",
+    url="https://github.com/neuralmagic/transformers",
     package_dir={"": "src"},
     packages=find_packages("src"),
     package_data={"transformers": ["py.typed", "*.cu", "*.cpp", "*.cuh", "*.h"]},
diff --git a/src/transformers/__init__.py b/src/transformers/__init__.py
index ba24b9886d79..4d9b796f417e 100755
--- a/src/transformers/__init__.py
+++ b/src/transformers/__init__.py
@@ -22,7 +22,7 @@
 # to defer the actual importing for when the objects are requested. This way `import transformers` provides the names
 # in the namespace without actually importing anything (and especially none of the backends).
 
-__version__ = "4.23.1"
+from .version import *
 
 from typing import TYPE_CHECKING
 
diff --git a/src/transformers/version.py b/src/transformers/version.py
new file mode 100644
index 000000000000..83e655d18357
--- /dev/null
+++ b/src/transformers/version.py
@@ -0,0 +1,39 @@
+"""
+Functionality for storing and setting the version info for SparseML
+"""
+
+from datetime import date
+
+
+nm_version_base = "1.5.0"
+transformers_version_base = "42301"  # 4.23.1
+is_release = False  # change to True to set the generated version as a release version
+
+
+def _generate_version():
+    return (
+        f"{nm_version_base}.{transformers_version_base}"
+        if is_release
+        else f"{nm_version_base}.{date.today().strftime('%Y%m%d')}"
+    )
+
+
+__all__ = [
+    "__version__",
+    "nm_version_base",
+    "transformers_version_base",
+    "is_release",
+    "version",
+    "version_major",
+    "version_minor",
+    "version_bug",
+    "version_build",
+    "version_major_minor",
+]
+__version__ = _generate_version()
+
+version = __version__
+version_major, version_minor, version_bug, version_build = version.split(".") + (
+    [None] if len(version.split(".")) < 4 else []
+)  # handle conditional for version being 3 parts or 4 (4 containing build date)
+version_major_minor = f"{version_major}.{version_minor}"
\ No newline at end of file