diff --git a/aiida/backends/tests/engine/test_process_function.py b/aiida/backends/tests/engine/test_process_function.py
index a0a96281e5b..f5ddda1a62a 100644
--- a/aiida/backends/tests/engine/test_process_function.py
+++ b/aiida/backends/tests/engine/test_process_function.py
@@ -36,7 +36,7 @@ class TestProcessFunction(AiidaTestCase):
     function would complain as the dummy node class is not recognized as a valid process node.
     """
 
-    # pylint: disable=too-many-public-methods
+    # pylint: disable=too-many-public-methods,too-many-instance-attributes
 
     def setUp(self):
         super(TestProcessFunction, self).setUp()
@@ -86,6 +86,11 @@ def function_defaults(
                 }):  # pylint: disable=unused-argument,dangerous-default-value,missing-docstring
             return data_a
 
+        @workfunction
+        def function_default_from_docs():
+            """Description taken from the docs."""
+            return
+
         @workfunction
         def function_exit_code(exit_status, exit_message):
             return ExitCode(exit_status.value, exit_message.value)
@@ -107,6 +112,7 @@ def function_out_unstored():
         self.function_args_and_kwargs = function_args_and_kwargs
         self.function_args_and_default = function_args_and_default
         self.function_defaults = function_defaults
+        self.function_default_from_docs = function_default_from_docs
         self.function_exit_code = function_exit_code
         self.function_excepts = function_excepts
         self.function_out_unstored = function_out_unstored
@@ -300,6 +306,18 @@ def test_function_defaults(self):
         self.assertEqual(node.label, CUSTOM_LABEL)
         self.assertEqual(node.description, CUSTOM_DESCRIPTION)
 
+    def test_function_default_label_description(self):
+        """Verify unless specified label and description are taken from function name and docstring respectively."""
+        metadata = {'label': CUSTOM_LABEL, 'description': CUSTOM_DESCRIPTION}
+
+        _, node = self.function_default_from_docs.run_get_node()
+        self.assertEqual(node.label, 'function_default_from_docs')
+        self.assertEqual(node.description, 'Description taken from the docs.')
+
+        _, node = self.function_default_from_docs.run_get_node(metadata=metadata)
+        self.assertEqual(node.label, CUSTOM_LABEL)
+        self.assertEqual(node.description, CUSTOM_DESCRIPTION)
+
     def test_launchers(self):
         """Verify that the various launchers are working."""
         result = run(self.function_return_true)
diff --git a/aiida/engine/processes/functions.py b/aiida/engine/processes/functions.py
index b1a4d131ef6..2f97bd08292 100644
--- a/aiida/engine/processes/functions.py
+++ b/aiida/engine/processes/functions.py
@@ -221,6 +221,16 @@ def _define(cls, spec):
 
                     spec.input(arg, valid_type=valid_type, default=default)
 
+            # Set defaults for label and description based on function name and docstring, if not explicitly defined
+            port_label = spec.inputs['metadata']['label']
+            port_description = spec.inputs['metadata']['description']
+
+            if not port_label.has_default():
+                port_label.default = func.__name__
+
+            if not port_description.has_default() and func.__doc__:
+                port_description.default = func.__doc__
+
             # If the function support kwargs then allow dynamic inputs, otherwise disallow
             spec.inputs.dynamic = keywords is not None