The Scottish Premiership giants face Macedonian side FK Shkupi in the first round of the competition on Thursday night.
Gers will be hoping for a better start to life in the Europa League this time round after having been knocked out in the qualifiers last year by Progres Niederkorn of Luxembourg.
"Very ready," Gerrard told Sky Sports News when asked about his side's preparations.
"I think it's always a test. We only have to go back 12 months to realise that any opposition has to be respected and we have to take the test very seriously.
"But it's about us and about us getting our house in order. It's about us being organised and ready to compete with whoever we come up against.
"We're moving forward very quickly and taking giant strides close to where I want the team and the side to be so I believe we are ready for tomorrow's test."
Rangers, who finished third in the league last term, have signed nine new players this summer.