Automation Emails showing on Client account merge fields not populating

When an automation email goes out to clients, the copy that is stored under Emails on their account is not populating the merge fields, it just shows us the merge field. The emails are being sent correctly to clients, it is just our copy that is not populating. Without it being populated, we can’t easily tell what emails are being sent out. Is there something we are not doing correctly?

No unfortunately it shows the merge fields, not values