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The statement regarding collecting payment-routing details and populating these into the software being a significant task is accurate due to the complexities involved in electronic payment processing. When initiating electronic payments, the payor must gather essential banking information, which includes not only the payee's bank account details but also additional routing information. This can vary greatly depending on the payment method being used (e.g., ACH, wire transfers, etc.), and ensuring that the details are correctly inputted into the software requires careful attention to detail.

Furthermore, many organizations have large volumes of transactions, and manually entering or verifying routing information can become time-consuming and prone to errors. This aspect of electronic payment processing highlights the importance of maintaining accurate data and having robust systems in place to manage these details effectively. Therefore, it's true that this task represents a considerable workload in the context of facilitating smooth and error-free electronic payments.