Smartcrypt is a data encryption solution that allows businesses to manage data protection operations for structured and unstructured data from a centralized platform. It offers compression functionality to optimize performance and reduce file size, as well as decryption of email attachments, encryption of specific images, file sharing, and access request notifications. Administrators can set up role-based permission rights and configure multi-factor authentication for data and user security. It also enables businesses to encrypt data across enterprise servers in compliance with various regulations and guidelines.